😂To put it bluntly, it's all about speculation. Bitcoin can be worth 1 million dollars or worth nothing at all. This currency, which lacks backing from any country, has significantly reduced circulation around the world. Don't talk about decentralization or no inflation; every country's issued currency is calculated based on the country's industrial output. If Bitcoin could become a global currency and peg itself to the dollar, then China could completely create a 'Chinese Special Currency' pegged to the Renminbi, and Russia could create a 'Russian Special Currency' pegged to the Ruble. Wouldn't that throw the world into chaos? Using Bitcoin to settle debts is even more absurd.

It's hard to imagine 100,000 dollars each; many people will ask why?
Why does a decentralized currency, which only has value as a store of value and not much use value, rise to 100,000 dollars each? Let me share my viewpoint. In fact, many people's understanding of Bitcoin is a bit shallow. They still talk about decentralization, distributed ledger, and so on, which is the weakest layer.
Second, some think Bitcoin will replace the dollar because the dollar's credibility is low; thus, a currency like Bitcoin, which won't be overissued and is decentralized, has a limited supply, so its value is high. I think that’s also incorrect. I believe the real reason is that it has become a co-conspirator to the dollar. Many people think Bitcoin and the dollar are in opposition, but I think it's the opposite.